The working group on Tavantolgoi met representatives of the Japanese Sojitsu and Sumimoto joint consortium yesterday /March 15, 2010/, the last such meeting with the 11 bidders selected after the first tender. They have all been explained Mongolia’s terms, and will be expected to submit their reply without much delay.

The Prime Minister wants Mongolia to keep 100% ownership of the Tavantolgoi deposit and investors to work as contracted operators. He also ordered that substantial progress must be made before the end of the Spring session of Parliament.